{"id":320451,"date":"2021-08-10T16:50:07","date_gmt":"2021-08-10T13:50:07","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/"},"modified":"2021-08-10T16:50:07","modified_gmt":"2021-08-10T13:50:07","slug":"is-the-cryptocurrency-epicenter-moving-away-from-east-asia","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/","title":{"rendered":"#Is the cryptocurrency epicenter moving away from East Asia?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bbec744de4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bbec744de4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#The_best_of_blockchain_every_Tuesday\" >The best of blockchain, every Tuesday<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#North_America\" >North America<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#Latin_America\" >Latin America<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#Crypto_City_Guide_to_Melbourne\" >Crypto City: Guide to Melbourne<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#Who_takes_gold_in_the_crypto_and_blockchain_Olympics\" >Who takes gold in the crypto and blockchain Olympics?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#Is_Bitcoin_a_religion_If_not_it_soon_could_be\" >Is Bitcoin a religion? If not, it soon could be<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#Blockchain_fail-safes_in_space_SpaceChain_Blockstream_and_Cryptosat\" >Blockchain fail-safes in space: SpaceChain, Blockstream and Cryptosat<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#British_artist_Damien_Hirst_uses_NFTs_to_blur_the_boundaries_between_art_and_money\" >British artist Damien Hirst uses NFTs to blur the boundaries between art and money<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#Europe\" >Europe<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#Africa\" >Africa<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#The_best_of_blockchain_every_Tuesday-2\" >The best of blockchain, every Tuesday<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#East_Asia\" >East Asia<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#Crypto_City_Guide_to_Melbourne-2\" >Crypto City: Guide to Melbourne<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#Who_takes_gold_in_the_crypto_and_blockchain_Olympics-2\" >Who takes gold in the crypto and blockchain Olympics?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#Is_Bitcoin_a_religion_If_not_it_soon_could_be-2\" >Is Bitcoin a religion? If not, it soon could be<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#Blockchain_fail-safes_in_space_SpaceChain_Blockstream_and_Cryptosat-2\" >Blockchain fail-safes in space: SpaceChain, Blockstream and Cryptosat<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/buradabiliyorum.com\/en\/is-the-cryptocurrency-epicenter-moving-away-from-east-asia\/#British_artist_Damien_Hirst_uses_NFTs_to_blur_the_boundaries_between_art_and_money-2\" >British artist Damien Hirst uses NFTs to blur the boundaries between art and money<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Is the cryptocurrency epicenter moving away from East Asia?<\/strong>&#8221;<\/p>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-How-investors-in-different-parts-of-the-world-see-crypto.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                &lt;p&gt;&lt;b&gt;It probably came as little surprise last year when crypto intelligence firm Chainalysis &lt;\/b&gt;&lt;a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/go.chainalysis.com\/rs\/503-FAP-074\/images\/2020-Geography-of-Crypto.pdf\"&gt;&lt;b&gt;declared&lt;\/b&gt;&lt;\/a&gt;&lt;b&gt; East Asia the worlds largest cryptocurrency market, accounting for 31% of all cryptocurrency transacted during the previous 12 months.&lt;\/b&gt;&lt;span style=\"font-weight: 400\"&gt; The region has a broad base of retail users along with a solid foundation of crypto traders and institutions, and China alone was at the time mining around two-thirds of all the Bitcoin in the world.&lt;\/span&gt;\n<\/code><\/pre>\n<p><span style=\"font-weight: 400\">In July 2021, Fidelity Digital Assets surveyed 1,100 institutional investors in the United States (408), Europe (393) and Asia (299) between December 2, 2020 and April 2, 2021. The study reinforced this idea, with the firm <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20210720005117\/en\/\"><span style=\"font-weight: 400\">reporting<\/span><\/a><span style=\"font-weight: 400\"> that digital asset adoption rates are substantially higher in Asia (71%) than in Europe (56%) and the United States (33%). In March 2021, a Statista<\/span> <span style=\"font-weight: 400\">consumer survey of 74 countries on cryptocurrency ownership and usage <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.statista.com\/chart\/18345\/crypto-currency-adoption\/\"><span style=\"font-weight: 400\">determined<\/span><\/a><span style=\"font-weight: 400\"> that the Asian nations of Vietnam and the Philippines are ranked second and third globally, respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But the past is not always a prelude to the future, and there is no guarantee that East Asia will remain the worlds center of gravity for crypto adoption. Chinas attachment to crypto is tenuous at best, and Beijings rollout of its digital yuan could cause reverberations throughout the region.<\/span><\/p>\n<p><span style=\"font-weight: 400\">When asked about the crypto prospects of East Asia, Kim Grauer, head of research at Chainalysis, tells Magazine that the region has recently experienced a major decline in cryptocurrency adoption compared with other regions globally, further adding:<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">This drop-off is driven by a decline in Chinese activity beginning 6 months ago, which coincided with various crackdowns there including the mining ban and the halting of derivatives trading by major exchanges. We hypothesize that much of this activity has migrated to DeFi, but that hasnt picked up enough that it makes up for the losses in the derivatives market yet.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Chinas dominance in Bitcoin mining made it a natural marketplace for crypto, says Lennard Neo, head of research at Stack Funds. But <\/span><span style=\"font-weight: 400\">as reported, <\/span><span style=\"font-weight: 400\">many rigs are moving elsewhere<\/span><span style=\"font-weight: 400\">, including to Canada, Kazakhstan, Russia and the United States.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Asked if Asia is likely to maintain its crypto dominance, Eloisa Cadenas, CEO of Mexico-based financial services firm CryptoFintech, tells Magazine: It is a difficult question to answer because, when we think of Asia, we automatically focus our attention on China which, as we know, has taken quite restrictive measures in relation to Bitcoin, crypto assets and of course, mining.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">(function() {window.mc4wp = window.mc4wp || {listeners: [],forms: {on: function(evt, cb) {window.mc4wp.listeners.push({event   : evt,callback: cb});}}}})();<!-- Mailchimp for WordPress v4.8.6 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><\/p>\n<div class=\"mc4wp-form-fields\">\n<div class=\"jeg_mc4wp_heading\">\n<h3><span class=\"ez-toc-section\" id=\"The_best_of_blockchain_every_Tuesday\"><\/span>The best of blockchain, every Tuesday<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Subscribe for thoughtful explorations and leisurely reads from Magazine.<\/p>\n<\/div>\n<p>By subscribing you agree to our Terms of Service and Privacy Policy<\/div>\n<p><label>Leave this field empty if you&#8217;re human: <\/label><\/p>\n<div class=\"mc4wp-response\"><\/div>\n<p><!-- \/ Mailchimp for WordPress Plugin --><\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">Chinas digital yuan is likely to have a big impact on the region, Cadenas says. Indeed, she anticipates that other Asian countries will try to replicate the digital yuan model, and It is likely that there is also an intention to block or restrict the market for crypto assets in such a way that only the CBDCs of each country can proliferate.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If that h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ens, the mass center of crypto adoption could move elsewhere  to Latin America or Africa, opines Cadenas. These are two regions where, according to her, there is a greater possibility of adoption, since the economic, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> and political context is different.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Asias crypto crown could indeed be in play now, as Latin America and Africa arent the only contenders. Heres who could potentially fill the void if and when Asia falters:<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"North_America\"><\/span><span style=\"font-weight: 400\">North America<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Traditional reticence on the matter of digital assets is the result of three principal factors, according to another <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fidelitydigitalassets.com\/bin-public\/060_www_fidelity_com\/documents\/FDAS\/institutional-investor-study.pdf\"><span style=\"font-weight: 400\">report<\/span><\/a><span style=\"font-weight: 400\"> by Fidelity Digital Assets: price volatility, concerns around market manipulation, and the lack of fundamentals to gauge appropriate value. But U.S. respondents appear to be coming to grips with digital assets, despite these shortcomings.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The strength of concerns [in the U.S.] decreased notably vs. last year across most factors, reported Fidelity Digital Assets. Price volatility concern fell 13 points, concerns around market manipulation fell 6 points and lack of fundamentals fell 8 points.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Elsewhere, some of the United States top legacy banks  including State Street, <\/span><span style=\"font-weight: 400\">BNY Mellon<\/span><span style=\"font-weight: 400\">, <\/span><span style=\"font-weight: 400\">JPMorgan Chase<\/span><span style=\"font-weight: 400\">, <\/span><span style=\"font-weight: 400\">Citigroup<\/span><span style=\"font-weight: 400\"> and <\/span><span style=\"font-weight: 400\">Goldman Sachs<\/span><span style=\"font-weight: 400\">  have been <\/span><span style=\"font-weight: 400\">making forays into the crypto space<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the mining front, the U.S. was already the number-two mining nation before Chinas May <\/span><span style=\"font-weight: 400\">crackdown on crypto mining<\/span><span style=\"font-weight: 400\">, albeit a distant second. Back in September 2019, China <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.statista.com\/statistics\/1200477\/bitcoin-mining-by-country\/\"><span style=\"font-weight: 400\">contributed<\/span><\/a><span style=\"font-weight: 400\"> 75.53% of the <\/span><span style=\"font-weight: 400\">global Bitcoin hash rate<\/span><span style=\"font-weight: 400\">. But more recently, Chinas portion of the hash rate has ebbed to 46.04%, while the U.S. has <\/span><span style=\"font-weight: 400\">broadened its share<\/span><span style=\"font-weight: 400\"> to 16.85% globally. Henri Arslanian, crypto leader and partner at advisory firm PwC, tells Magazine:<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">The United States is probably the one country that has a lot of momentum now. The regulations are becoming clearer, there are numerous large crypto companies and there is a lot of capital flowing into crypto both from institutional investors and retail.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Meanwhile, north of the U.S. border, Canada has been innovating on the crypto front. The Purpose Bitcoin ETF, North Americas first crypto-based exchange-traded fund, launched in February and has been a big hit by most accounts. It was followed in April by an Ether ETF, with strong volumes reported.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Many believe that its only a matter of time before Canada, with its vast hydroelectric resources, becomes a major player in crypto mining, particularly as more miners seek out renewable energy sources to power their rigs.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Latin_America\"><\/span><span style=\"font-weight: 400\">Latin America<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">The Latin American region could become a crypto adoption hotspot, and not only because El Salvador declared <\/span><span style=\"font-weight: 400\">Bitcoin legal tender<\/span><span style=\"font-weight: 400\"> in June when it issued its Bitcoin Law  a historic move in the view of some.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Many regional economies are sustained by remittances  i.e., money sent home from workers abroad. They account for 23% of El Salvadors gross domestic product, for instance. In Honduras, remittances also <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.pewresearch.org\/fact-tank\/2020\/08\/31\/amid-covid-19-remittances-to-some-latin-american-nations-fell-sharply-in-april-then-rebounded\/\"><span style=\"font-weight: 400\">exceeded<\/span><\/a><span style=\"font-weight: 400\"> 20% of the gross national product in 2019, according to Pew Research Center. By comparison, Mexico saw only a 3% share of its GDP driven by remittances, but its gross numbers are high  $42.9 billion in 2020, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/migrationdataportal.org\/themes\/remittances\"><span style=\"font-weight: 400\">according<\/span><\/a><span style=\"font-weight: 400\"> to the World Bank, which is a number behind only China and India. Crypto and blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> potentially offer a more efficient way to transfer overseas payments.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The trend in Latin America is toward retailers and unbanked users because with cryptocurrencies you can create cheaper financial products that, eventually, could promote greater financial inclusion, <\/span><span style=\"font-weight: 400\">CryptoFintechs <\/span><span style=\"font-weight: 400\">Cadenas tells Magazine.<\/span><\/p>\n<p><span style=\"font-weight: 400\">There is also evidence that El Salvadors dramatic action may be encouraging other countries in the region to devise their own crypto strategies. Paraguayan legislators <\/span><span style=\"font-weight: 400\">introduced a cryptocurrency bill<\/span><span style=\"font-weight: 400\"> to the nations Congress in July, for instance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Where El Salvador has led, we can expect other developing countries to follow, <\/span><span style=\"font-weight: 400\">said Nigel Green<\/span><span style=\"font-weight: 400\">, CEO and founder of financial service company deVere Group. This is because low-income countries have long suffered because their currencies are weak and extremely vulnerable to market changes and that triggers rampant inflation,<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\"><\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__0_6112878e569de    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Melbourne crypto city\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_City_Guide_to_Melbourne\"><\/span>Crypto City: Guide to Melbourne<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 4, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Who takes gold in the crypto and blockchain Olympics?\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Who_takes_gold_in_the_crypto_and_blockchain_Olympics\"><\/span>Who takes gold in the crypto and blockchain Olympics?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> July 30, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Bitcoin and religion\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Is_Bitcoin_a_religion_If_not_it_soon_could_be\"><\/span>Is Bitcoin a religion? If not, it soon could be<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> July 29, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Blockchain fail-safes in space: SpaceChain, Blockstream and Cryptosat\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine__SpaceChain-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine__SpaceChain-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine__SpaceChain-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine__SpaceChain-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Blockchain_fail-safes_in_space_SpaceChain_Blockstream_and_Cryptosat\"><\/span>Blockchain fail-safes in space: SpaceChain, Blockstream and Cryptosat<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> July 26, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-Damien-Hirst-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-Damien-Hirst-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-Damien-Hirst-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-Damien-Hirst-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"British_artist_Damien_Hirst_uses_NFTs_to_blur_the_boundaries_between_art_and_money\"><\/span>British artist Damien Hirst uses NFTs to blur the boundaries between art and money<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> July 13, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p><\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">There isnt much CBDC fervor in the region either, which means that Latin American countries are less likely to clamp down on crypto for competing with a governments digital currency. What I do see [in Latin America] is financial institutions creating alliances with crypto-asset companies to facilitate operations through crypto-assets, mainly with stablecoins, Cadenas says.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Stack Funds Neo perceives some similarities between Latin America and Asia. The latter was historically home to a number of restricted currencies that were subject to government controls  such as the Chinese yuan, Indian rupee, Indonesian rupiah, Malaysian ringgit and Philippine peso  making them difficult to convert. These restrictions encouraged investors to turn to crypto as a hedge against these limitations, explains Neo. Similar tendencies may be emerging in Latin America where citizens increasingly appear to prefer crypto over fiat [currencies], which are exacerbated by political turmoil.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In its 2020 Geography of Cryptocurrency Report, Chainalysis cites Venezuela  which ranked third globally out of 154 countries in its Global Crypto Adoption Index  as a stellar example of what drives cryptocurrency adoption in developing countries and how citizens use it to mitigate economic instability, adding that Venezuelans use cryptocurrency more when the countrys native fiat currency is losing value to inflation, suggesting that Venezuelans turn to cryptocurrency to preserve savings they may otherwise lose. Chainalysis saw the same pattern in other Latin American countries, as well as those in Africa and East Asia.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Cryptocurrency adoption in the region may not all go according to plan, of course. Eric Anziani, chief operating officer of cryptocurrency exchange Crypto.com, tells Magazine that El Salvador officially accepted Bitcoin as legal tender, but this <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> is a two-edged sword. If the experiment is successful, then it will promote crypto in the region; otherwise, it could make local governments look at cryptocurrencies with greater skepticism.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Europe\"><\/span><span style=\"font-weight: 400\">Europe<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">As in North America, institutional interest in crypto is growing in Europe. Today, nearly 80% of institutional investors believe digital assets should be part of a portfolio, according to Fidelity Digital Assets July report. And while this belief is strongest in Asia, it is also strong and growing in Europe: More than three-quarters (77%) of European investors share this belief, up from two-thirds the prior year.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The European Commissions proposed Markets in Crypto Assets (MiCA) regulation, undergoing its first reading in the European Parliament, is expected to create a harmonized European crypto-asset market that will definitely attract more and more large institutional investors  hedge funds, pension funds etc.  that have been wary of investing in this asset class due to regulatory concerns, says Patrick Hansen, head of blockchain at Bitkom, an association of German companies in the digital economy.<\/span><\/p>\n<p><span style=\"font-weight: 400\">When MiCA is implemented, a crypto firm receiving authorization from any one of the 27 European Union countries will be able to share its services across all the other EU states. Hansen also foresees greater mainstream adoption in the region and among its 450 million residents.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the flip side, the European Central Bank is moving ahead with plans to introduce a digital euro that could be used by the 19 countries in the eurozone as an alternative to third-party payment services and cryptocurrencies like Bitcoin, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.dw.com\/en\/european-central-bank-moves-ahead-with-digital-euro-pilot-project\/a-58251871\"><span style=\"font-weight: 400\">reported<\/span><\/a><span style=\"font-weight: 400\"> Deutsche Welle, mainly because Central bankers fear the widespread use of foreign or unregulated currencies could destabilize the economy.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In other words, Europes crypto-wary central bankers could still have something to say about crypto adoption in the region.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Africa\"><\/span><span style=\"font-weight: 400\">Africa<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">When focusing on retail adoption, regions in the developing world such as Africa cant be overlooked, Monica Singer, ConsenSys South Africa lead, tells Magazine. Nigeria has one of the highest numbers of retail users of Bitcoin, for instance  at least on a per capita basis. It ranks first among 74 countries in Statistas March consumer adoption survey. She further adds:<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">In countries where there is no trust in the fiat currency, and the population is young and mostly all have access to the internet, it is a natural progression that they will use cryptocurrencies to transact, in particular for remittances.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Three African nations  Kenya, Nigeria and South Africa  made the top 10 in Chainalysis 2020 global crypto adoption index. Remittances are an early use case for this developing cryptocurrency economy, notes the report, adding that many of the regions countries are also plagued by severe currency devaluation and instability, making them ripe for Bitcoin and its fixed, anti-inflationary supply.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Still, many African countries have restrictive policies with regard to currencies not backed by central banks, which could impede adoption, Singer tells Magazine. In early 2021, Nigerias central bank effectively banned commercial banks from <\/span><span style=\"font-weight: 400\">providing account services to crypto exchanges<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">(function() {window.mc4wp = window.mc4wp || {listeners: [],forms: {on: function(evt, cb) {window.mc4wp.listeners.push({event   : evt,callback: cb});}}}})();<!-- Mailchimp for WordPress v4.8.6 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><\/p>\n<div class=\"mc4wp-form-fields\">\n<div class=\"jeg_mc4wp_heading\">\n<h3><span class=\"ez-toc-section\" id=\"The_best_of_blockchain_every_Tuesday-2\"><\/span>The best of blockchain, every Tuesday<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Subscribe for thoughtful explorations and leisurely reads from Magazine.<\/p>\n<\/div>\n<p>By subscribing you agree to our Terms of Service and Privacy Policy<\/div>\n<p><label>Leave this field empty if you&#8217;re human: <\/label><\/p>\n<div class=\"mc4wp-response\"><\/div>\n<p><!-- \/ Mailchimp for WordPress Plugin --><\/span><\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">The dominant mood is optimism, though, as epitomized by Cardano founder Charles Hoskinsons keynote address at Blockchain Africa in which he compared Africas emerging economy to China in the 1980s  both offering case studies of new technologies leapfrogging legacy systems. Indeed, Hoskinson <\/span><span style=\"font-weight: 400\">predicted<\/span><span style=\"font-weight: 400\">: Theres a great potential for that to be African nations  not Germany, not France, not England, not the United States, not China or Japan.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"East_Asia\"><\/span><span style=\"font-weight: 400\">East Asia<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Of course, there are good reasons that nothing much may change at all  and East Asia remains cryptos adoption epicenter. Asian countries have embraced digitalization, while their appetite for crypto was whetted by their early exposure to pioneering crypto firms. Indeed, by the end of 2020, six of the 10 largest crypto unicorns were Asia-based  including Bitmain, Binance, OKEx, Huobi, BitMEX and FTX.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, many East Asian nations that have embraced e-payments are used to public market investing and encourage STEM subjects in their school systems. Charles dHaussy, managing director of the Asia-Pacific region at ConsenSys, tells Magazine that Asias new wealth, as well, is keener to embrace new asset classes, compared with established wealth in the Western World which is more drawn to traditional asset classes. For these reasons, he concludes that Asia has a head start and will remain a leader [in crypto] for the decades to come.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Even without China, Asia may be deep enough with regard to crypto adoption that it wont lose its leadership position. Winston Ma, adjunct professor at New York University School of Law and author of <\/span><i><span style=\"font-weight: 400\">The Digital War: How Chinas Tech Power Shapes the Future of AI, Blockchain and Cyberspace<\/span><\/i><span style=\"font-weight: 400\">, tells Magazine:<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">Asian investors are used to inflation risk in their economies and high volatility in trading markets, and they embraced digital assets to hedge against the fiat money printing across the globe.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">The lead may shift from China to Southeast Asian countries, as well as other countries with less restrictive regulations and laws with regard to crypto, Yu Xiong, international associate dean at Surrey University and chair of business analytics at Surrey Business School, tells Magazine. In addition, Hansen notes that crypto-favorable regulatory frameworks have emerged in Singapore, Hong Kong and Japan.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, on the institutional front, Regulatory clarity and tax treatment of crypto markets relative to their other options  stocks, derivatives, etc.  will matter a great deal more than it does for retail investors, says Gina Pieters, assistant instructional professor in the Department of Economics at the University of Chicago. Here again, East Asia often seems further advanced than other regions. Pieters adds:<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">Japans tax treatment of gains from crypto investment is much simpler than USA tax treatment, and so all else equal it would not be surprising to see higher adoption in Japan by institutional investors compared to the USA.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Overall, if one were to categorize the competition, it would be the history, culture, professional traders, exchanges and first-mover advantage of Asia pitted against the youth and economic needs of Latin America and Africa, the investment capital and entrepreneurial vitality of North America, and the wealth, size and regulatory harmonization of Europe.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Who will prevail?<\/span><\/p>\n<p><span style=\"font-weight: 400\">The case could be for Latin America or Africa, where the need is the greatest and a clear solution seems at hand. But, of course, its really anyones guess.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\"><\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__1_6112878e5ec78    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Melbourne crypto city\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_City_Guide_to_Melbourne-2\"><\/span>Crypto City: Guide to Melbourne<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 4, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Who takes gold in the crypto and blockchain Olympics?\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Who_takes_gold_in_the_crypto_and_blockchain_Olympics-2\"><\/span>Who takes gold in the crypto and blockchain Olympics?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> July 30, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Bitcoin and religion\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Is_Bitcoin_a_religion_If_not_it_soon_could_be-2\"><\/span>Is Bitcoin a religion? If not, it soon could be<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> July 29, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Blockchain fail-safes in space: SpaceChain, Blockstream and Cryptosat\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine__SpaceChain-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine__SpaceChain-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine__SpaceChain-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine__SpaceChain-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Blockchain_fail-safes_in_space_SpaceChain_Blockstream_and_Cryptosat-2\"><\/span>Blockchain fail-safes in space: SpaceChain, Blockstream and Cryptosat<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> July 26, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-Damien-Hirst-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-Damien-Hirst-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-Damien-Hirst-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-Damien-Hirst-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"British_artist_Damien_Hirst_uses_NFTs_to_blur_the_boundaries_between_art_and_money-2\"><\/span>British artist Damien Hirst uses NFTs to blur the boundaries between art and money<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> July 13, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\"><\/span><\/p>\n<p>\u00a0<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/magazine\/2021\/08\/10\/cryptocurrency-epicenter-moving-from-east-asia\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Is the cryptocurrency epicenter moving away from East Asia?&#8221; &lt;p&gt;&lt;b&gt;It probably came as little surprise last year when crypto intelligence firm Chainalysis &lt;\/b&gt;&lt;a rel=&#8221;nofollow noopener&#8221; target=&#8221;_blank&#8221; href=&#8221;https:\/\/go.chainalysis.com\/rs\/503-FAP-074\/images\/2020-Geography-of-Crypto.pdf&#8221;&gt;&lt;b&gt;declared&lt;\/b&gt;&lt;\/a&gt;&lt;b&gt; East Asia the worlds largest cryptocurrency market, accounting for 31% of all cryptocurrency transacted during the previous 12 months.&lt;\/b&gt;&lt;span style=&#8221;font-weight: 400&#8243;&gt; The region has a broad base of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":320452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-How-investors-in-different-parts-of-the-world-see-crypto.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-320451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/320451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=320451"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/320451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/320452"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=320451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=320451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=320451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}